GigaOm Ignores My Advice, Raises Another $4.5 Million

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Om Malik’s GigaOm has raised another round of financing – $4.5 million – bringing the total amount the blog network has raised to $5.3 million. This round was led by Alloy Ventures. Previous investor True Ventures joined the round as well.

Still, I can’t blame Om’s reasons for raising the round – aggressive expansion, software development and a nest egg for troubled financial times ahead. Congrats to him and his team, particularly newly promoted CEO Paul Walborsky.